401k 2024 Maximum Contributions. What is the 401(k) contribution limit in 2024? Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023.
Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in 2023. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).
401k 2024 Maximum Contributions Images References :